EBK HORNGREN'S ACCOUNTING
12th Edition
ISBN: 8220103677684
Author: Matsumura
Publisher: YUZU
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Chapter 9, Problem E9.22E
Journalizing credit sales, note receivable transactions, and accruing interest
| Learning Objectives 1, 4 |
Endurance Running Shoes reports the following
| 2018 May 6 Recorded credit sales of $102000. Ignore Cost of Goods Sold. Jul. 1 Loaned $18,000 to Jerry Paul. an executive with the company, on a one-year, 7% note. Dec. 31 Accrued interest revenue on the Paul note. 2019 Jul. 1 Collected the maturity value of the Paul note. |
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Chapter 9 Solutions
EBK HORNGREN'S ACCOUNTING
Ch. 9 - 1. With good internal controls, the person who...Ch. 9 - Which of the following is a limitation of the...Ch. 9 - 3. The entry to record a write-off of an...Ch. 9 - Brickman Company uses the allowance method to...Ch. 9 - Brickman’s ending balance of accounts Receivable...Ch. 9 - During the year, Bernard Company had net credit...Ch. 9 - At December 31 year-end, Crain Company has an...Ch. 9 - Using the data in the preceding question, what...Ch. 9 - At year-end, Schultz Company has cash of $11,600,...Ch. 9 - Using the data in the preceding question, assume...
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